LimeFX International’s ability to serve clients in 150 countries stems from its registration as a licensed investment dealer. The licensing, granted by the Financial Services Commission of Mauritius, allows LimeFX International to deliver brokerage services to traders across the globe, with the exception of just a few countries. The company’s compliance process must also comply with strict Know Your Customer and Anti-Money Laundering policies.
- The good news on trading fees carries on into the area of operational and financing fees as well.
- I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions.
- The presentation of educational material is in accordance with the spirit of the forex market, where the most skilled and experienced traders share the same resources with newcomers and novices.
- Every broker charges a commission fee for the services rendered, and they make their revenue by charging commission fees from the registered investors on their transactions.
LimeFX International is the most trusted brokerage firm and is fully regulated by the Financial Commission (FSC) of the Republic of Mauritius through Exinity Limited, a parent company. The broker does not provide negative balance protection and hence if the market changes rapidly against an investor’s current trade, the trading account will not fall into the negatives. Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their investments.
Trading and Investment Tools
👉 However, before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account. 👉 LimeFX International is a safe bet for traders looking for a diverse platform no matter their skills, whether they be entry-level or seasoned traders. I contacted the customer service staff,and they just said they would check, but there was no result later.
- 🔍 That said, the company’s educational tools provide a pretty comprehensive breakdown of the most important information a trader needs to understand the Forex market.
- Video tutorials are published on the site for those who are new to stock market speculation.
- The most ignored trading costs are swap rates on leveraged overnight positions.
LimeFX offers 4 different account types which we will compare in the table below. The free demo account is only available for the Standard Account MT4 and ECN Account MT4 and 5. As a broker that develops its own software, LimeFX FS is able to respond to limefx reviews glitches and bugs much faster than the typical MT4 broker can, which is an added benefit. The LimeFX broker company is multi-linguistic which means it supports several languages including English, Chinese, Russia, Indonesia, Arabic, Spanish, and Hindi.
Proven Strategies for Success: Making the Most of Forex Trading Apps in South Africa
Having a high status in the LimeFX Cashback program affords traders more opportunities, privileges, and bonuses. LimeFX makes multiple deposit and withdrawal options available including Bank Transfer, FasaPay, and BitCoin. The execution time of withdrawal will depend on the option selected. Trading with LimeFX will involve fees from $1.5 USD, spreads from 1.2 pips, and commission-free trading depending on the account traders select. Here you will find only two options for trading with spot metals alongside 25 major and minor currency pairs.
LimeFX has numerous account types with three distinct cost structures, ranging from competitive to ultra-competitive. Commission-free Forex fees are as low as 0.2 pips or $2.00 per 1.0 standard round lot. The commission-based alternatives come with minimum raw spreads of 0.0 pips and average ones of 0.3 pips plus a $1.60 commission for trading fees between $1.60 and $4.60 per lot.
Forex economic calendars make sure that the investors are always informed of the relevant economic news. In this way, the trading forex investors have an advantage to either prepare or plan their trading driven by the event or reduce the risk levels on https://limefx.name/ the way. The Forex market reviews are research works that are published regularly. They contain written reviews and videos on the market that are explanatory. One benefit of the videos is that they can be played in the background during an analysis.
LimeFX FS is regulated by the Cyprus Securities and Exchange Commission (CySEC). In compliance with Cyprus Law 144(I)/2007, LimeFX FS is a member of the Investor Compensation Fund (ICF) for Clients of Cyprus Investment Firms (CIFs). Another point of appreciation is the collection of trading instruments offered at LimeFX. There are also live webinars offered on the exchange in multiple languages which can benefit many traders worldwide. An inactivity fee is charged on a registered broker-client when an account remains inactive for a particular period of time. LimeFX International functions as a web-based MT4 (MetaTrader 4) and MT5 (MetaTrader 5) platform and a dealing desk.
It has, moreover, already been sanctioned by the institution a few years ago for not having established an adequate system against money laundering. The MetaTrader 4 and MetaTrader 5 mobile software can be logged in with the trading account information and only one account is required by the software. LimeFX Autochartist is still one of the best and most efficient technical analytical tools of the MT5 plugins and web applications. The web application automatically scans and observes the market and it consists of all the essential levels. This tool is useful in predicting probable events and can be utilized as an important advantage to improve the new set of Forex trading strategies. Apart from the tools, this LimeFX review just mentioned, there are excellent specialized tools too for technical analysis.
The inclusion of VPS hosting and support for EAs alongside LimeFX CopyTrader present the platform as a unique offering for experienced professionals seeking standard tools like MT4 and MT5 with no frills. The firm’s low-spread approach and rapid execution make the company’s platform a leading destination for investors seeking to trade a range of products across global financial markets. Thanks to its offering of the industry standard MetaTrader 4 and more recently introduced MetaTrader 5, LimeFX International supports a comfortable environment for veteran traders. At LimeFX FS, their mission is to offer our clients an online forex trading environment that is reliable, trustworthy, technologically advanced and supported by world-class customer service. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
👉 Direct trading enhances execution in the market, and the account’s No Deal Desk technology allows or no re-quotes. 👉 The ECN account allows for very low to zero spreads during periods of high market volatility and continues to trade outside normal market hours and other breaks. 👉 The many benefits of trading on a more transparent automated basis have made the ECN system one of the most popular forms of trading today. Its transparency is provided by the fact that orders go straight to other market participants.
Spreads are competitive for the industry and even though LimeFX International only supports variable spreads, they may drop as low as zero pips. The only account type which encounters commissions is the ECN account, which begins at $1.50 per lot per side. Except for ECN and Pro MT5 accounts, swap free account options that are Shariah compliant are available. As we see in the table above traders can start with a small amount of money to get access to the markets. The Pro Account is the best one for cheap trading because it got tight spreads and you will not pay any commission.
LimeFX International · Company Summary
There is complete control over the Strategy Managers and the amount to invest. But depending on the payment method chosen, funds may take from 1-3 days to be processed and arrive. LimeFX International supports a wide range of languages, including English, Russian, Chinese, Arabic, Indonesian, Hindi, and Spanish. The company will support you entirely by phone, email, or live chat.
LimeFX Top Features
Those looking to run their own algorithmic programs, or take signals from the programs of others will find the forex markets and MetaTrader platforms a rich hunting ground. The Expert Advisors area of the MT service allows clients of LimeFX to automate their trading by following the signals of others. The MT4 version of the platforms is the world’s most popular retail trading platform within excess of 10 million users. It is robust, reliable, precise and comes packed with powerful charting tools. Its broad appeal means there is even more functionality and tools which have been developed by members of the ‘MT4 community’ of traders around the globe. The withdrawal process does see some payment methods flagged up as incurring a charge, but there are plenty that don’t.
LimeFX International Broker Review
The ECN Pro Account is designed for professional traders, with a required deposit of at least EUR/USD 25,000. With over twenty years of experience in the industry, the LimeFX brand is one of the larger players on the online trading scene. Having been established a little over two decades ago, LimeFX has since gone on two help a total of two million clients through their network of eight offices across three continents. Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital.